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The owner invested $15,000 cash in the company in exchange for its common stock. The company purchased supplies for $500 cash. The owner invested $10,000 of equipment in the company in exchange for more common stock. The company purchased $200 of additional supplies on credit. The company purchased land for $9,000 in cash.
Enter the impact of each transaction on individual items of the accounting equation.

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Answer:

                                           Asset    =  Equity    +   Liabilities

Owner Investment            +15,000     +15,000                        

Inventory Purchase          +500

                                          -500

Investment of Equipment +10,000     +10,000

Purchases of Supplies      +200                                +200

Puchase of Land               +9,000

                                          -9,000

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